Gold traded in a narrow range as the dollar rose and then rising as the dollar moved lower, but gains were limited by higher U.S. Treasury yields.
Fed’s Mester said that her assumption the U.S. federal tax overhaul would add 0.25 to 0.5 percentage points in growth over the next two years might be too low.
U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating.
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